Economy

Economy

Osun: FG shut down 75 filling stations over infractions

Osun: FG shut down 75 filling stations over infractions

The Nigeria Midstream and Downstream Petroleum Regulatory Authority has shut down over 75 filling stations in Osun State. On Wednesday, Mr. Kunle Adeyemo, NMDPRA state Coordinator, disclosed this while briefing journalists on the agency’s activities in April. According to him, the filling stations were shut down due to non-compliance with the agency’s regulatory standard, including operating without a valid license. He said the agency, in the period under review, beamed searchlights on over 301 across the state and discovered many had committed several infractions. He urged that stakeholders in the industry must operate within the ambit of regulation to avoid…
Read More
Nigeria’s debt profile races to N80trn under the Buhari govt

Nigeria’s debt profile races to N80trn under the Buhari govt

With Nigeria’s total debt stock racing to over N80 trillion, there is a heightened concern in the country. Stakeholders are of the view that Nigeria’s economy is in an emergency situation and on the verge of collapse if nothing is done. Although the Debt Management Office has consistently dismissed fears surrounding Nigeria’s increasing debt profile, economic analysts have never kept mum, signaling the alarm bill. DMO, in its Fourth Quarter report of 2022, said Nigeria’s total debt hovers around N46.25 trillion. Specifically, the total domestic debt stock was N27.55 trillion, while external debt stock was N18.70 trillion (USD 41.69 billion)…
Read More
Concerned Abians Attract Foreign Investors To Compliment Alex Otti’s Plans For A New State

Concerned Abians Attract Foreign Investors To Compliment Alex Otti’s Plans For A New State

While still basking in the euphoria of the new Abia State that will elevate the state from her present condition of underdevelopment, economic downturn, and squalor occasioned by long approaches of clueless leadership, a group of concerned Abians who are happy with the coming opportunities for the blessed state under Dr. Alex Otti, the Governor-Elect, has made giant steps at hitting the ground running with efforts that will ensure that Abia loses no time once the news government takes over helms of her affairs. In the spirit of the Ultimate Liberation and Actualization of the New Abia under the leadership…
Read More
Abia artists, and Patriots, write an open letter to Gov Okezie Ikpeazu 

Abia artists, and Patriots, write an open letter to Gov Okezie Ikpeazu 

OPEN LETTER TO GOV. OKEZIE IKPEAZU Ph.D. AND PDP ABIA STATE CHAPTER We, The United Abia Artistes and Patriots Forum have observed with dismay the continued delay in the payment of civil servants and pensioners by your government after receiving the March 2023 federal allocation in addition to revenue earned from State IGR for the period under review.  UAAP notes that the nonchalant attitude to the welfare of civil servants and retirees by the outgoing administration leaves much to desire, as they were made to celebrate the 2023 Easter on an empty stomach.  We are therefore calling on the Gov.…
Read More
No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.